By / Scenic Spots Home compiled report
Due to the heated US-China trade war, many major exporting countries have been impacted, resulting in unusual rises or falls in currency and exchange rates. Following the Japanese yen breaking the 0.3 threshold previously, the Korean won exchange rate has now also reached a seven-year low. Travelers planning to visit Korea soon should watch their timing for currency exchange.
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The Korean won exchange rate has hit a seven-year low. (Photo / pixabay)
On August 13, the cash selling rate for the Korean won dropped to 0.02794, falling below the 2012 level of 0.028 and hitting a new seven-year low. Compared to the exchange rate in June this year, exchanging NT$50,000 for Korean won would result in a difference of over 60,000 won.
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Due to the US-China trade war, both the Japanese yen and Korean won have seen dramatic fluctuations. (Photo / pixabay)
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Travelers planning to visit Korea soon are advised to watch the timing for currency exchange. (Photo / pixabay)
Because of the US-China trade war, exchange rates have fluctuated dramatically. Travelers planning to go abroad soon are advised to keep an eye on currency trends and exchange at the right time to get the best exchange rate.
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